Banco Cuscatlán
Banco Cuscatlán has built itself into a universal bank with a profitable international footprint.
It owns a number of financial services providers, including corporate and consumer banking institutions, pension fund administrators, brokerage firms, ATM and debit/credit card processing companies, leasing companies, factoring, insurance and money transmission agencies in Guatemala, El Salvador, Honduras, Costa Rica, Panama and the US.
“In Central America, Cuscatlán is the only local group that is local and regional at the same time, bringing better services and products to its customers with the ultimate technology, providing them with value-added services that help them to enhance their activities, constantly innovating and looking for the best practices to serve the customers’ needs,” says chairman Mauricio Samayoa.
“The Cuscatlán brand has strong regional trust and recognition, contributing to consistent profitable results. The bank’s leadership is also recognised by international stockholders, who provide professional and capital support to its financial activities.
“Banco Cuscatlán is considered a technological leader in the region. Operational advancements make us the number one innovator bank, and we have been a trend-setter in launching new products.”
As of June 2006, the bank continues to have the largest market share in terms of business loans and current account, 29% and 28% respectively. The cash management service provides the link between the bank’s corporate clients with their suppliers and customers. It assists its clients with their online tax payments and is the bank with the largest market share in electronic payments.
